Audio Mises Wire

The standard belief is that slavery was about obtaining “cheap labor,“ yet nothing could be further from the truth. Slavery comes with high opportunity costs, which is why American slave owners depended upon several government regulations to subsidize their “peculiar institution.” Original article: Understanding the Real Costs of Slavery: It’s Not Cheap labor  

The Perfect Market Hypothesis claims that all movements in the market can be considered as random, as market players and prices adjust immediately to new information. However, market players do seek new information and seek to use it. Original article: Do Financial Markets Immediately Provide All Relevant Information?  

What Murray Rothbard used to call the "Old Right" stood for liberty, freedom of speech, and a free economy. Most importantly, they stood for peace, all in contrast to the "liberals" of their day and ours. Original article: The Rebellious Old Right        

The Salamanca School is known for important contributions to free-market economics and the Austrian School. The Bolognese jurists also made key contributions.  Original article: The Bolognese Jurists behind the Proto-Austrians of the Salamanca School  

When our ruling classes speak of “believing in democracy,” they are speaking of a romantic version of a form of governance that, in real life, is quite different than the sanitized version presented in our media.  Original article: Smashing the Western Illusion of Democracy  

The ruling elites of the US are calling for a "return" to "Hamiltonian Statecraft" and to move away from so-called isolationism. However, there has been no time since the end of World War II that the US has been anything but aggressive in its foreign policy. Original article: It’s Always Been Hamiltonian Statecraft  

California's 2014 ban on “single-use” plastic bags was supposed to lead to less waste of plastic, which hasn't happened. Now environmentalists are demanding the state ban the same plastic bags mandated by the original legislation. One intervention begets another and another. Original article: “Paper or Plastic?” How One Market Intervention Requires Another to “Correct” the Original One  

The common belief regarding state power is that it is always justified and there can be no questioning the state's existence. But is that true? Does state power conform to natural law or is it imposed upon subjected people?  Original article: Can the State be Justified?  

Academic historians and archivists have been captured by the hard left and the DEI industry. Not only will the current trends make them bad historians, but it also makes them intolerant people. Mises knew better. Original article: The Stewards of History Desperately Need Mises  

Yet another discouraging trend in law in the UK, Europe, and the US has been the criminalization of what authorities call “hate speech.” However, much of what passes for such “speech” is innocuous at worst and historically has been protected. Original article: The Folly of Criminalizing “Hate”    

Mainstream economists speak of GDP as though it is the economy itself, however, GDP is not a good measure of economic reality. Instead, it presents a distorted picture of genuine economic activity and leads to mistaken conclusions about the economy. Original article: Is GDP an Accurate Measure of Reality?    

Despite claims from progressive historians that US slavery was a natural outgrowth of a free market economy, the reality is that slavery would have been much costlier without governments—federal and state—subsidizing it. It is time to set the record straight. Original article: Governments Had a Major Role in Sustaining Slavery    

Keynesians are known for using obscure and jumbled jargon to explain their fallacious ideas. The hope being that, the more confusing the language, the greater the perceived scholarship. Good economics can and should be clearly logically explained. Original article: Conceptual Clarity in Dismantling Economic Jargon    

While the world is abuzz over artificial intelligence (AI), present technologies are limited more than most people want to believe. The situation is ripe for malinvestments. Original article: Is Artificial Intelligence the Next Easy-Money Bust?        

What is the source of our rights, natural Law or the state? Unfortunately, too many people who should know better choose the latter. David Gordon makes short work of their internal contradictions. Original article: How to Contradict Yourself about Rights        

The US Armed Forces expand their footprints in the Indian Ocean, not to defend this country, but to expand military power. The Diego Garcia base has left a trail of ruined lives for those forced off their land to make room for yet another military base. Original article: Diego Garcia and Cocos Islands: Another Example of US Imperialism        

As AI continues to develop, so does the hysteria that AI will soon take over and relegate us to a dystopian future. We need to realize that, like so many other tools, AI can have good and bad uses, but it cannot control itself. Original article: Debunking Alarmism over Artificial Intelligence        

How do we guard against misinformation when business firms join with government to promote things that simply are false? As Murray Rothbard noted, people still have reason and the free will to make decisions for themselves. Original article: Praxeology and Robert Malone’s “Surveillance Capitalism”    

The TSA's record for incompetence is astounding, even for a government agency. Any complaints, as this article shows, will be seen as subversion. Original article: TSA Tyranny Goes Cutesy    

The TSA's record for incompetence is astounding, even for a government agency. Any complaints, as this article shows, will be seen as subversion. Original article: Free Speech and Legislative Bans on DEI    

Progressive and even many mainstream economists believe that cash is a relic from the past and should be replaced with digital money. There are many good reasons why not to follow this course, and no good reasons to replace cash. Original article: The Regime’s War on Cash Could Destroy the Economy    

While the Harris-Walz campaign doesn't publicize the candidates’ records on the Covid-19 lockdowns and mask mandates, voters should know what they did. Not only did the lockdowns create massive economic damage, but they led to many more deaths than lives saved. Original article: Harris-Walz: The Ticket of Covid Tyranny    

From 1949 to 1962, American libertarian R.C. Hoiles and Ludwig von Mises corresponded many times, discussing issues relating to state power. While the correspondence at times was acrimonious, nonetheless, it offered valuable insight into the issues we still face. Original article: The Mises-Hoiles Correspondence: What Might Have Been    

Despite opposition from government at every turn, homeschooling has developed into an industry with astounding resources and high-quality results. Contrast the individual educational tailoring of homeschooling versus the government's version of individual care: the IEP label. Original article: Education: Labeling vs. Tailoring    

Contrary to myths of “Fed independence,” the Federal Reserve and the Treasury Department work closely together to keep monetary inflation going nonstop.  Original article: Does Any Daylight Remain between Monetary and Fiscal Policy?